Mastercard Incorporated (MA) is Peloton Wealth Strategists’ Largest Position
Peloton Wealth Strategists cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.0% in the third quarter, HoldingsChannel.com reports. The fund owned 45,910 shares of the credit services provider’s stock after selling 1,400 shares during the period. Mastercard makes up about 5.0% of Peloton Wealth Strategists’ investment portfolio, making the stock its biggest position. Peloton Wealth Strategists’ holdings in Mastercard were worth $6,482,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Proficio Capital Partners LLC raised its position in Mastercard by 1.3% during the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after acquiring an additional 12 shares during the period. First Interstate Bank raised its position in Mastercard by 1.4% during the second quarter. First Interstate Bank now owns 1,643 shares of the credit services provider’s stock worth $200,000 after acquiring an additional 23 shares during the period. Lourd Capital LLC raised its position in Mastercard by 0.5% during the second quarter. Lourd Capital LLC now owns 5,423 shares of the credit services provider’s stock worth $659,000 after acquiring an additional 26 shares during the period. Sullivan Bruyette Speros & Blaney LLC raised its position in Mastercard by 1.8% during the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 2,427 shares of the credit services provider’s stock worth $295,000 after acquiring an additional 44 shares during the period. Finally, American Asset Management Inc. raised its position in shares of Mastercard by 2.4% in the second quarter. American Asset Management Inc. now owns 2,100 shares of the credit services provider’s stock valued at $255,000 after buying an additional 50 shares during the last quarter. Institutional investors own 75.61% of the company’s stock.
Shares of Mastercard Incorporated (NYSE MA) opened at $162.33 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. Mastercard Incorporated has a 1-year low of $104.01 and a 1-year high of $162.52. The stock has a market cap of $171,850.00, a PE ratio of 37.84, a P/E/G ratio of 1.84 and a beta of 1.21.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the firm posted $1.08 earnings per share. Mastercard’s quarterly revenue was up 18.1% on a year-over-year basis. research analysts expect that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be issued a $0.25 dividend. The ex-dividend date is Monday, January 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.62%. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s dividend payout ratio is currently 23.31%.
Mastercard declared that its Board of Directors has authorized a stock buyback program on Monday, December 4th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the credit services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
A number of equities research analysts have recently commented on the stock. Vetr upgraded shares of Mastercard from a “sell” rating to a “hold” rating and set a $158.70 target price for the company in a research report on Thursday, January 11th. Cowen reiterated a “buy” rating and issued a $171.00 target price on shares of Mastercard in a research report on Friday. Credit Suisse Group reiterated a “hold” rating and issued a $164.00 target price on shares of Mastercard in a research report on Monday, January 8th. Wells Fargo & Co reiterated an “outperform” rating and issued a $178.00 target price (up from $167.00) on shares of Mastercard in a research report on Tuesday, January 9th. Finally, Barclays reiterated a “buy” rating and issued a $170.00 target price on shares of Mastercard in a research report on Friday, January 5th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Mastercard has an average rating of “Buy” and an average price target of $161.82.
In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total value of $2,606,122.27. Following the completion of the sale, the insider now owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.30% of the company’s stock.
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MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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